TD Asset Management Inc Boosts Holdings in C.H. Robinson Worldwide, Inc. $CHRW

TD Asset Management Inc boosted its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 778.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 276,737 shares of the transportation company’s stock after purchasing an additional 245,245 shares during the quarter. TD Asset Management Inc’s holdings in C.H. Robinson Worldwide were worth $44,488,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. Pinnacle West Asset Management Inc. purchased a new stake in C.H. Robinson Worldwide in the 4th quarter worth approximately $241,000. CIBC Asset Management Inc lifted its stake in C.H. Robinson Worldwide by 71.3% in the 4th quarter. CIBC Asset Management Inc now owns 30,147 shares of the transportation company’s stock worth $4,846,000 after purchasing an additional 12,551 shares in the last quarter. Marble Wealth LLC purchased a new stake in C.H. Robinson Worldwide in the 4th quarter worth approximately $427,000. Goldman Sachs Group Inc. lifted its stake in C.H. Robinson Worldwide by 3.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 937,530 shares of the transportation company’s stock worth $150,717,000 after purchasing an additional 31,077 shares in the last quarter. Finally, Bridges Investment Management Inc. purchased a new stake in C.H. Robinson Worldwide in the 4th quarter worth approximately $284,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Wall Street Zen cut shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. Robert W. Baird set a $230.00 price objective on shares of C.H. Robinson Worldwide in a research report on Friday, May 1st. Jefferies Financial Group upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and raised their price objective for the company from $195.00 to $200.00 in a research report on Wednesday, May 20th. UBS Group raised their price objective on shares of C.H. Robinson Worldwide from $224.00 to $230.00 and gave the company a “buy” rating in a research report on Monday, June 1st. Finally, Citigroup upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and set a $199.00 price objective on the stock in a research report on Friday, May 15th. Seventeen research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $195.65.

C.H. Robinson Worldwide Stock Performance

C.H. Robinson Worldwide stock opened at $184.09 on Friday. The firm’s fifty day moving average price is $173.96 and its 200-day moving average price is $172.77. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.59 and a current ratio of 1.59. The stock has a market cap of $21.70 billion, a P/E ratio of 37.27, a price-to-earnings-growth ratio of 1.59 and a beta of 0.91. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $92.36 and a fifty-two week high of $203.34.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.11. The firm had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $4.05 billion. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. The business’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter last year, the company posted $1.17 EPS. On average, equities research analysts expect that C.H. Robinson Worldwide, Inc. will post 6.09 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, June 5th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 51.01%.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.